Description

Large family home in Germany with Granny Flat.

MOTIVATED SELLER

The Deal

NO MORTGAGE NEEDED!

ANYONE CAN BUY!

Just pay £2000Deposit + Fees (Legal & Sourcing)

Then £28000

Total Balance £28000 paid over 28 Months

£1000 Per month

OR

Pay just £25000 + Fees in one simple payment.

This is an amazing bargain. A huge property for less than £30000. At the moment the property has 5 bedrooms and 2 bathrooms. There is plenty of room to reconfigure and add more bedrooms or bathrooms. The property makes for the ideal investment property, Either buy to Let, convert to apartments, or even Serviced Accommodation, This property gives you the options.

This 3 floor home is in the town of Pausa, the block is owned outright and the sale is direct from the owner. Pausa is a town in the Vogtlandkreis district, in the Free State of Saxony, Germany. It is situated 13 km east of Schleiz, and 14 km northwest of Plauen. The towns swimming pool opens in June each year, (see photos). The town is lively and has events on all year round. There are at least 6 hotels/guest houses in the town, bookings are brisk. There are also restaurants, snack bars, coffee shops and more. For education, you will find 2 nurseries, a daycare centre, primary and secondary school. Plausa is one of the most amazing towns in Germany.

The basement has 3 rooms which could be converted to a self-contained basement apartment.

There is a good sized back garden with an outbuilding. There are plenty of options for parking as well. In the back or even using the front of the building as a garage is an option, as the current owners do.

The ground floor houses the former drive-in integral garage or the entrance hall, depending on how you use it. There is also space for a granny flat with one bedroom, a bathroom and a kitchen/diner on this floor as well.

The first floor has bedrooms and a large lounge as well as kitchen and bathroom with bath and shower.

On the third floor, you’ll find 3 bedrooms, with the option of converting one to a bathroom if needed.

Property owned in Germany for 10 years is exempt from Capital gains Tax. The minimum rental for this property, as it is, would be a minimum of €500. Expected capital appreciation in 10 years is approximately 50%. So the property would be worth around €45000 Euros in 10 years time.

Famously, Pausa is known for being the centre of the earth, but that’s not technically true, it’s really just the centre of Vogtland. With this in mind, the municipality building that sits right in the centre of the town has a huge rotating globe on top. For hundreds of years an object, previously a cube sat where the building is to signify the central position within Vogtland, but now the big globe sits up there, rotating 24/7. For conversation sake, the globe weighs just over a Tonne and is 3 Metres in diameter.

The property is ready to be viewed or purchased remotely through your nearest embassy or consulate. The property is freehold. Transfer and legal fees will be less than €2k.